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Goldman Sachs' newest private equity fund is about to start a round of fundraising, hoping to gather $5B to $8B from investors.
This is the company’s first fund following the financial crisis, a testament to how the investment banker is adjusting to post-crisis regulations. Nearly a decade ago, Goldman was known for taking high risks—in 2007, it raised roughly $20B for its Goldman Sachs Capital Partners VI fund, and $9B of that came from the company’s employees, Bloomberg reports.
This new trust, named West Street Capital Partners, won’t be as large as Goldman’s earlier vehicles, and the firm expects to close the deal by the end of the year. [Bloomberg]
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